IREN (IREN) Projected to Post Earnings on Thursday

IREN (NASDAQ:IREN - Get Free Report) is projected to release its Q1 2026 results after the market closes on Thursday, November 6th. Analysts expect IREN to post earnings of $0.1433 per share and revenue of $244.5960 million for the quarter. Individuals can check the company's upcoming Q1 2026 earningsummary page for the latest details on the call scheduled for Thursday, November 6, 2025 at 5:00 PM ET.

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IREN (NASDAQ:IREN - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. IREN had a net margin of 33.03% and a return on equity of 1.34%. The company had revenue of $187.30 million for the quarter, compared to the consensus estimate of $187.51 million. On average, analysts expect IREN to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

IREN Trading Down 3.2%

Shares of IREN stock opened at $60.42 on Thursday. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 0.53. IREN has a 12-month low of $5.13 and a 12-month high of $74.15. The stock has a market capitalization of $16.43 billion, a P/E ratio of 102.41 and a beta of 4.19. The firm's 50 day moving average is $43.90 and its 200 day moving average is $23.20.

Analysts Set New Price Targets

• How IREN is Building an AI Powerhouse on a Bitcoin Foundation

A number of research firms have recently issued reports on IREN. Cantor Fitzgerald raised their price target on IREN from $27.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Roth Capital restated a "buy" rating and set a $35.00 price target on shares of IREN in a research note on Friday, August 29th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $24.00 price target (up previously from $16.00) on shares of IREN in a research report on Friday, September 26th. Jones Trading cut shares of IREN from a "buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. Finally, Sanford C. Bernstein reissued an "outperform" rating and issued a $75.00 price objective on shares of IREN in a report on Thursday, September 25th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $55.27.

View Our Latest Report on IREN

Insiders Place Their Bets

• IREN Is Up 186% YTD on AI Pivot—And It’s Just Getting Started

In other IREN news, CEO Daniel John Roberts sold 1,000,000 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $33.13, for a total value of $33,130,000.00. Following the completion of the transaction, the chief executive officer directly owned 13,989,696 shares in the company, valued at $463,478,628.48. This represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Situational Awareness LP boosted its holdings in IREN by 90.1% in the 2nd quarter. Situational Awareness LP now owns 6,400,384 shares of the company's stock worth $93,254,000 after buying an additional 3,034,254 shares during the period. Invesco Ltd. lifted its position in shares of IREN by 45.9% in the second quarter. Invesco Ltd. now owns 2,974,674 shares of the company's stock valued at $43,341,000 after acquiring an additional 936,333 shares in the last quarter. Merewether Investment Management LP bought a new position in shares of IREN in the second quarter worth about $21,025,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of IREN by 15.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,136,330 shares of the company's stock worth $16,556,000 after purchasing an additional 148,864 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in IREN by 42.3% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 389,721 shares of the company's stock valued at $5,678,000 after purchasing an additional 115,812 shares during the period. Hedge funds and other institutional investors own 41.08% of the company's stock.

About IREN

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

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